Global Insurance secured a 14 per cent year-on-year growth in profit to Tk 64 million in 2024, supported by higher investment income in a challenging business climate. Subsequently, the general insurer's consolidated earnings per share (EPS) stood at Tk 1.58 for 2024, up from Tk 1.38 for the previ
The number of active users of the DSE mobile app dropped to an eight-year low due to the prolonged depressed market trend and the imposition of service charge on app users. The number of mobile app users was 26,067 at the end of FY25, a 21 per cent fall from the year before. The figure was at its
Eastern Bank will issue zero-coupon bonds to raise Tk 8 billion, shifting from the previous floating-rate structure, to reduce short-term interest payment obligations. In a filing on Thursday, the listed private commercial bank disclosed its decision. Earlier this year, the board of directors of
Loss-making drug manufacturer Indo-Bangla Pharmaceuticals has announced a plan to export medicines to Afghanistan for what it claims is to overcome difficulties to access dollars to import raw materials. If the plan is translated into action, Afghanistan will be the first export destination of pro
Stocks extended rally for the sixth straight session on Wednesday, with the key index of the Dhaka bourse surpassing the 5,000-point threshold after three months, defying worries over proposed higher-than-expected US tariff imposition. Improving macroeconomic indicators seem to have helped offset
The yield on two-year Bangladesh Government Treasury Bonds (BGTBs) dropped significantly on Tuesday as banks showed increased willingness to invest their excess liquidity in risk-free securities. The cut-off yield, generally known as the interest rate, on the BGTBs declined to 11.60 per cent on th
The Credit Rating Agency of Bangladesh (CRAB) has recently awarded the Prime Bank PLC, one of the leading private commercial banks, triple A (AAA) for long-term and ST-1 for short-term, a recognition more than technical accolade; it is a recognition of the Bank's 30-year journey rooted in service,
A mismatch between the expenses of listing and incentives offered by the government is the reason why companies are reluctant to enter the secondary market, said speakers at a discussion on the capital market on Tuesday. "No one comes to the capital market out of their corporate social responsib
The key index of the Dhaka Stock Exchange (DSE) surged on Monday, riding on optimism surrounding reforms brought on by the central bank. The DSEX, the benchmark index of the DSE, moved up by 82.09 points to 4,976, the highest gain in two months. The index last exceeded this level on April 27, whe
The imposition of fines by the securities regulator is nothing but a symbolic action with rare occasions when it translates into meaningful punishment for stock market fraud. The Bangladesh Securities and Exchange Commission (BSEC) still prefers levying monetary penalties to filing lawsuits agai
Stocks opened higher on Monday as buoyant investors put fresh bets on heavyweight bank stocks amid easing local and geopolitical tensions. The improving macroeconomic factors, supported by healthy foreign exchange reserves, rising exports, and record remittance inflows have boosted investors senti
Appreciation in the market value witnessed by blue chip companies played a pivotal role in the rising turnover and return from the broad index of the premier bourse over the last one month. The market recovery, driven by fundamentally-strong stocks, is a development in the positive direction after
Distrust, not the liquidity crisis, among customers is the main problem badly impacting the banking industry, Chairman of Dhaka Bank PLC Abdul Hai Sarker says. In an exclusive interview with The Financial Express (FE) given ahead of the private commercial bank's 30th founding anniversary, which is
